Price Trend

This week, the domestic ethyl acetate Market showed a weak performance. After the Mid-Autumn Festival, the plant started to work steadily and the market supply increased significantly. According to the monitoring data of business associations, the market offer of ethyl acetate in eastern China was 6176 yuan/ton at the beginning of the week, while the market offer of ethyl acetate in eastern China was 6066 yuan/ton at the end of the week, falling by 1.78%.

II. Analytical Review

Products: The domestic ethyl acetate Market has a downward trend. Considering the inventory pressure of manufacturers during the National Day holidays, manufacturers are actively conceding profits and delivering goods, which has pushed the market down. At present, the market with relatively high stock is still down next week. Up to now, the market offers are as follows: the mainstream reference offer in East China is 5950-6050 yuan/ton, the North China offer is 5850-5950 yuan/ton, and the mainstream offer in South China is 6000 yuan/ton. The market as a whole fell 150-200 yuan/ton.

Industry chain: As for acetic acid, the domestic acetic acid market shocks and weakens, dropping by 2.37% in a week. At present, the quotation in Henan is around 3150-3200/ton; in Shandong, it is about 3350-3500 yuan/ton; in Hebei, it is about 3500-3550 yuan/ton; in Jiangsu, it is about 3350-3450 yuan/ton; in Zhejiang, it is about 3500-3600 yuan/ton. 。 The acetic acid Market in North America has been running steadily, with flat market turnover and weak purchasing gas, currently around US$360 per ton. Affected by poor demand, the price of acetic acid in Asia has continued to fall, currently at US$435-475 per ton, with strong bearish sentiment in the future. The supply and demand of the acetic acid Market in Europe has been stable and has been running steadily within a week, with the current quotation of about 650 euros per ton.

In the aspect of ethanol, the overall stability of the alcohol market before the National Day. With the shortfall in the cost of new grain listing, the start-up of enterprises remained stable and the market was stable with a slight downward trend.

3. Future Market Forecast

At present, the cost support is weak, the market bearish atmosphere is more and more strong, and the downstream demand just needs to be followed up. Considering the transportation pressure during the national day and the demand to reduce inventory, it is expected that the downstream ethyl acetate market still has downward space, and the reference market in East China is 5900 yuan / ton.